In 2023, Germany bought the most Ukrainian oil crops

Published 2024년 2월 19일

Tridge summary

In 2023, Ukraine's export value of seeds and fruits of oil crops fell by 25% to $2.8 billion, largely due to a significant decrease in sunflower exports. The majority of these exports were purchased by European countries and Asia, with the European Union accounting for about 70% of the total value. Germany was the top buyer, followed by Romania and Turkey. Despite the overall decrease, there was a rise in the export of soybean oil and rapeseed oil. However, a global drop in vegetable oil prices resulted in reduced income for companies in this sector.

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Original content

The product structure of domestic agricultural exports is traditionally dominated by plant products. The main products in it, in addition to cereals, are oil crops, vegetable oil and their processing products. This was reported by the press service of the National Scientific Center "Institute of Agrarian Economics". In 2023, the export value of seeds and fruits of oil crops amounted to 2.8 billion dollars. USA. This is 25% less than in 2022, noted the deputy director of the NSC, Academician of the National Academy of Sciences Mykola Pugachev. Quantitative volumes of deliveries of the main product items of this group to foreign markets overall decreased not so significantly. Rape exports in natural terms decreased from 3.1 million tons in 2022 to 3.0 million tons in 2023, while soybean exports, on the contrary, increased by 1.5 million tons to 3.5 million tons. The most the decrease in sunflower exports became noticeable - from 2.8 million tons in 2022 to 0.8 million tons in 2023, ...

Source: Agrotimes